LOREAL_Registration_Document_2017

2017 Consolidated Financial Statements* NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Investments in property, plant and equipment and intangible assets

Depreciation, amortisation and provisions

€ million 2016

Operating profit

Operational assets (1)

Sales

Professional Products Consumer Products

3,399.7 11,993.4 7,662.4 1,860.7 24,916.3

688.6

3,410.9 9,462.2 6,507.0 1,101.2

125.7 659.8 335.8

149.2 534.4 374.9

2,417.1 1,622.8

L’Oréal Luxe

Active Cosmetics

431.5

56.3

60.6

OPERATIONAL DIVISIONS TOTAL

5,160.0

20,481.2

1,177.6

1,119.1

Non-allocated

-653.9

834.2

177.5

123.7

GROUP

24,916.3

4,506.1

21,315.5

1,355.0

1,242.8

Operational assets mainly include goodwill, intangible assets and property, plant and equipment, trade accounts receivable and inventories. (1)

Investments in property, plant and equipment and intangible assets

Depreciation, amortisation and provisions

€ millions 2015

Operating profit

Operational assets (1)

Sales

Professional Products Consumer Products

3,399.7 11,844.2 7,230.0 1,816.3 24,290.2

678.5

3,342.4 9,057.4 5,235.6

127.5 539.7 305.4

154.9 511.7 300.1

2,385.8 1,497.5

L’Oréal Luxe

Active Cosmetics

414.7

991.5

49.7

54.7

4

OPERATIONAL DIVISIONS TOTAL

4,976.4

18,626.9

1,022.2

1,021.4

Non-allocated

-643.5

759.3

119.6

127.4

GROUP

24,290.2

4,332.9

19,386.2

1,141.8

1,148.8

Operational assets mainly include goodwill, intangible assets and property, plant and equipment, trade accounts receivable and inventories. (1)

Operational assets can be reconciled to the 2017, 2016 and 2015 balance sheets as follows:

2017

2016

2015

€ millions

Operational assets

21,636.7

21,315.5

19,386.2

Non-current financial assets Investments in associates

8,766.2

9,306.5

9,410.9

1.1

1.0

1.0

Deferred tax assets Other current assets

530.3

548.3

547.9

1,358.2 3,046.6

1,468.5 1,746.0

1,584.1 1,399.8

Cash and cash equivalents

Non-allocated assets The Body Shop assets

13,702.4

13,070.3 1,244.4 35,630.2

12,943.7 1,381.4 33,711.3

-

TOTAL ASSETS

35,339.1

Information by geographic zone 3.1.2. All information is presented on the basis of geographic location of the subsidiaries. 3.1.2.1. Consolidated net sales by geographic zone

2017

Growth (%)

2016 (1) (2)

2015 (1) (2)

% of total

Published data

Excluding exchange effect

€ millions

€ millions % of total

€ millions % of total

Western Europe

8,125.3 2,444.6 7,350.5 10,547.8 6,151.8 1,952.9 1,750.8

31.2% 1.5% 9.4% -0.9% 28.2% 3.5% 40.5% 7.5% 23.6% 9.2% 7.5% 6.2% 6.7% 11.4% 2.7% -9.4% 100.0% 4.4%

2.6% 8,008.0 32.1% 7,968.4 32.8%

of which France

-0.9% 2,467.4

9.9% 2,552.6 10.5%

North America New Markets

5.3% 7,098.8 28.5% 6,654.4 27.4% 8.4% 9,809.5 39.4% 9,667.4 39.8% 11.4% 5,635.4 22.6% 5,537.9 22.8%

Asia Pacific Latin America Eastern Europe

5.2% 1,838.0 8.6% 1,571.5 -7.1% 764.5

7.4% 1,871.3 6.3% 1,530.4 3.1% 727.9

7.7% 6.3% 3.0%

Africa, Middle East

692.4

GROUP

26,023.7

5.7% 24,916.3 100.0% 24,290.2 100.0%

2016 and 2015 sales are presented in order to reflect the impact of discontinued operations (note 2.3). (1) As of 1 July 2016, the Asian Travel Retail business of the Consumer Products Division, previously recorded under the Western Europe Zone, was transferred to the Asia, (2) Pacific Zone. All figures for earlier periods have been restated to allow for this change.

REGISTRATION DOCUMENT / L'ORÉAL 2017

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